New U.S. tariffs have devastated Nova Scotia's pine export market, leading to immediate layoffs in the forestry sector. Approximately 60 to 80 percent of the province's pine products, valued at $25 million, are now subject to a 50 percent tariff. This sudden market collapse has forced businesses to consider closures. While other industries like blueberries and apples are currently unaffected, growers fear they may be targeted next. The provincial premier is advocating for reduced reliance on the U.S. and the development of new export markets.
Nova Scotia
https://www.rebelnews.com/layoffs_hit_nova_scotia_as_new_u_s_tariffs_wipe_out_pine_market